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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.
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Kuwait’s HEISCO Wins KD1.92 Million Order to Replace FCC Regenerator at KNPC’s Mina Al-Ahmadi Refinery

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Gulf Crude Output Rose 5% to 16.9 Million Barrels a Day in 2025, About 22.5% of World Supply, GCC-Stat Says

Crude oil production in the six Gulf Cooperation Council states rose 5% to 16.9 million barrels per day in 2025, while exports climbed 6.1% to 12.2 million barrels per day, GCC-Stat said.
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Kuwait Approves KWD5.38 Million of Emergency Contracts for Damaged KOTC Tankers

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Kuwait’s HEISCO Wins KD1.92 Million Order to Replace FCC Regenerator at KNPC’s Mina Al-Ahmadi Refinery

Heavy Engineering Industries and Shipbuilding Company (HEISCO) has received a KD1.92 million ($6.2 million) purchase order to help replace a regenerator in a fluid catalytic cracking unit at KNPC's Mina Al-Ahmadi refinery.

Gulf Crude Output Rose 5% to 16.9 Million Barrels a Day in 2025, About 22.5% of World Supply, GCC-Stat Says

Crude oil production in the six Gulf Cooperation Council states rose 5% to 16.9 million barrels per day in 2025, while exports climbed 6.1% to 12.2 million barrels per day, GCC-Stat said.

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Global Oil Surplus May Shift To Shortage in Coming Years

The global oil surplus is expected to continue through this year and next, as production levels remain higher than demand. However, experts predict a shift toward...

Reducing Oil Dependence Remains Kuwait’s Key Economic Challenge

Kuwait continues to rely heavily on oil dependence, according to the latest IMF assessment. The International Monetary Fund (IMF) analyzed the country’s economic and...

Kuwait Oil Capacity Hits Highest Level in a Decade

Kuwait’s oil production capacity has climbed to 3.2 million barrels per day, the highest level in more than 10 years. Oil Minister Tariq Al-Roumi...

Kuwait Oil Sector Leaders Outline Vision at Annual Forum

The Kuwait oil sector gathered senior executives in Kuwait City to outline strategies for growth, training, and sustainability. At the annual oil sector leaders’ forum, Kuwait...

Durra Gas Field Gets Kuwait Approval Amid Regional Dispute

Kuwait has secured final government approvals to advance the Durra gas field, a project central to its long-term energy strategy. Sheikh Nawaf Saud Al-Nasser...

Kuwait Petroleum Considers Pipeline Leasing to Raise Billions

Kuwait Petroleum Corp. (KPC) is considering leasing part of its pipeline network. The move aims to fund a $65 billion investment plan covering upstream,...

Kuwait Power Grid Efficiency Improves at Control Center

Kuwait's National Control Center plays a crucial role in managing the nation's electric grid with skill and dedication. Every day, employees monitor, operate, and...

Kuwait crude oil price falls slightly to US$69.98 per barrel

Kuwait crude oil price fell slightly, closing at US$69.98 per barrel. This marks a 9-cent drop from its earlier level of US$70.07 per barrel....

Kuwait Oil Price Increases as Global Benchmarks Decline

The Kuwait oil price recorded a slight increase, climbing by 22 cents to reach $69.23 per barrel. This development signals a modest gain in regional oil...

ADNOC Drilling Expansion into Kuwait and Oman Strengthens Gulf Oilfield Services

ADNOC Drilling expansion into Kuwait and Oman marks a strategic move to grow beyond its home base in the UAE. The company recently signed...

Energyhouse Reviews Offer for UAE Subsidiary Stake Amid Kuwait Energy Strategy Shift

Energyhouse, a leading Kuwaiti oil firm, received an offer to sell its UAE-based subsidiary. The subsidiary stake amounts to 92.5 percent of the UAE company. This...

Kuwait Extends Deadlines for $1.5 Billion Oil Project Tenders

Kuwait recently extended the Kuwait oil project tender deadlines for several major energy projects worth about $1.5 billion. This move gives contractors additional time to prepare...
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